Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Significant Drop in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 610 shares, a drop of 88.8% from the April 15th total of 5,430 shares. Based on an average daily volume of 3,723 shares, the short-interest ratio is presently 0.2 days.

Presidio Property Trust Price Performance

Presidio Property Trust stock traded up $0.10 during trading hours on Tuesday, reaching $6.51. The stock had a trading volume of 1,062 shares, compared to its average volume of 11,704. Presidio Property Trust has a 52 week low of $3.65 and a 52 week high of $15.99. The company has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $10.63.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.